CBD-Infused Beverages Market Set to Witness an Uptick during 2019-2025


Posted July 27, 2020 by bisrsrch

Focus on Product Type (Alcoholic and Non-Alcoholic), Industry Analysis (Regulatory Framework, Supply Chain, Patent Analysis, and Investments)

 
Although CBD products provide health benefits, manufacturers still face several regulatory issues. Both the FDA and the European country regulators prohibit manufacturers from selling their products as dietary supplements and are not allowed to claim any health benefits from consuming CBD beverages. The increasing legalization of cannabis and its increasing adoption across the globe are the factors driving the demand for CBD-infused beverages. Moreover, the CBD-infused beverages market is witnessing several upcoming trends and opportunities, further propelling growth in the industry. The initiation of research and development activities for the production of healthy CBD products is expected to drive the market during the forecast period2019-2025.

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Research concerning cannabis and its industrial derivative, hemp, is continuously evolving. Research activities have demonstrated the high potential of CBD for numerous medical applications ranging from pain management to curing headache and muscle spasms. CBD is also proven to be effective for the treatment of arthritis, cerebral palsy, and several other autoimmune and neurodegenerative diseases. Multiple research organizations, universities, and institutes such as National Institutes of Health, University of Strathclyde, and the University of Queensland, among others, of North America, Australia, China, and Europe are also conducting research studies to evaluate the antifungal, antibiotic, and anti-microbial properties of CBD.

Researchers are also conducting several pre-clinical and clinical trials to understand CBD’s effectiveness in treating cachexia, cancer, glaucoma, seizures, chronic obstructive pulmonary disease (COPD), cystic fibrosis, and Crohn's disease, among others. A majority of the consumers mainly use CBD for reducing stress and anxiety. Despite the multiple benefits, the CBD consumption pose a risk of adverse side-effects, which is a significant drawback for the CBD industry. However, with the rising demand for CBD products, research and developmental activities are gaining thrust, thereby playing a crucial role in setting standards related to the chemical composition and the formulation of cannabis, while ensuring its safety for human consumption.

The North America CBD-infused beverages market mainly consists of the U.S. and Canada. The growth is primarily due to the growing legalization of cannabis products for both medical and recreational use in various states of the U.S. Moreover, Canada is expected to see a higher growth rate relative to the U.S. Relaxation in regulations and top public and private investment in cannabis product research are among the key driving forces for the growth in the Canada market. Some of the key players in the North America CBD-infused beverages market includes New Age Beverages Corporation, Phivida Holdings Inc., Puration Inc., Canopy Growth Corporation, Cannabiniers, Lagunitas Brewing Company, and The Alkaline Water Company.

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Research activities affirming a variety of medical and relaxation benefits of cannabis have resulted in an upsurge in its demand among consumers. Cannabis legalization has also played an active role in accelerating the CBD-infused beverages market growth. The easy availability of cannabis plants and easy execution of pure cultivation and harvesting steps also contribute significantly toward the growth of the market. With more companies entering the market and making significant investments, the CBD beverages industry is expected to grow at an unprecedented rate.

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Categories Food , News , Research
Tags cbdinfused beverages , cbdinfused beverages market
Last Updated July 27, 2020